Americans hit with fastest grocery price spike in nearly 4 years as beef, eggs, and coffee soar

Americans hit with fastest grocery price spike in nearly 4 years as beef, eggs, and coffee soar

Americans are once again seeing higher grocery bills, with supermarket prices rising at their fastest annual pace in years. Higher fuel costs, dry weather, and global trade disruptions are all adding pressure to the food system. In April, the cost of food eaten at home rose 2.9% from a year earlier, while overall food prices, including restaurant meals, increased 3.2%, according to the Boston Herald. What's happening? The latest Consumer Price I…

U.S. Food Inflation Pressures Rise as Beef and Coffee Prices Surge

US food inflation accelerates as beef and coffee prices rise sharply, squeezing consumers and prompting warnings from corporate leaders about ongoing supply chain pressures.